NEW YORK (

TheStreet

) --

Copart

(Nasdaq:

CPRT

) hit a new 52-week high Wednesday as it is currently trading at $49.41, above its previous 52-week high of $49.09 with 474,677 shares traded as of 11:45 a.m. ET. Average volume has been 270,000 shares over the past 30 days.

Copart has a market cap of $3.14 billion and is part of the

services

sector and

specialty retail

industry. Shares are down 4.6% year to date as of the close of trading on Tuesday.

Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, and the United Kingdom. The company has a P/E ratio of 19.5, below the average specialty retail industry P/E ratio of 20.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Copart as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Copart Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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.

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